Global beverage majors Carlsberg, Pernod, Coca-Cola advance India IPO plans
Three leading global beverage companies - Carlsberg, Pernod Ricard and The Coca-Cola Company - are advancing their plans for potential listings of their Indian businesses, albeit at different stages, as they prepare to tap the domestic capital market and join the growing pipeline of large offerings. In their latest earnings calls, top executives from the three companies outlined progress on their respective listing plans, with Carlsberg filing an updated draft red herring prospectus, Pernod Ricard continuing preparatory work pending board approval, and Coca-Cola exploring a potential IPO of its Indian bottling operations. The developments underline the growing interest among multinational beverage companies in unlocking value from their Indian operations through public listings, although the proposed offerings remain subject to varying regulatory, corporate and market-related considerations. Among them, Danish brewer Carlsberg is the furthest along, having filed an updated draft red
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